Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Monday, April 18, 2011

Gold and Silver Set New Records as Athens Denies Debt Restructuring / Commodities / Gold and Silver 2011

By: Adrian_Ash

THE PRICE OF GOLD jumped to a new all-time high of $1489 per ounce in Asian trade Monday, slipping back as the Dollar then rose vs. the Euro despite Greek protestations that Athens isn't seeking a "restructuring", in which it would effectively default on a portion of its debt.

Major-economy government debt rose in price, but Greek bonds sank – pushing yields to fresh post-Euro highs – while global stock markets began the Easter-shortened week with a 0.5% drop.

Monday, April 18, 2011

COMEX Gold Default Risk Triggers Pension Fund to Take Delivery of $1 Billion of Bullion / Commodities / Gold and Silver 2011

By: GoldCore

Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today.

Sovereign debt risk, global inflation concerns, geopolitical risk, disappointing European earnings and concerns about Japan's coming reporting season have seen equities weaken and new record nominal highs for gold and silver (all time and 31-year).

Monday, April 18, 2011

Cotton Commodity Challenging Key Support Now / Commodities / Commodities Trading

By: Seven_Days_Ahead

The powerful upmove in Cotton #2 hit a temporary high in March, coinciding with Fibonacci projections. After a period of consolidation attention is on a key support area, below which a pullback phase should be initiated.

Sunday, April 17, 2011

Silver Continues to Outpace Gold / Commodities / Gold and Silver 2011

By: Merv_Burak

Once again silver is out pacing gold in the weekly performance.  Is it too much of a good thing?  Only time will tell.  Lower gold volume versus higher silver volume seems to suggest the betting is really on silver.

Friday, April 15, 2011

Can You Pass The 2011 Gold Investing Quiz? / Commodities / Gold and Silver 2011

By: Jeff_Clark

Jeff Clark, BIG GOLD writes: CPM Group recently released their 2011 Gold Yearbook, an invaluable resource for us gold analysts. Mostly a reference book, even a gold enthusiast might find it dry reading. But I loved it, and as I studied it on a plane, I kept finding data that made me perk up.

To have a little fun with it, I thought I’d summarize what I read in the form of a quiz. See how many you can get correct. Regardless of your score, I’m sure you’ll agree with the ramifications each point makes for the gold market.

Friday, April 15, 2011

Silver Screaming Inflation / Commodities / Gold and Silver 2011

By: Adrian_Ash

Who wants gold when silver looks to offer turbo-charged inflation protection instead...?

The CURRENT SURGE in bids to buy silver might seem dramatic, but it's more measured by far – to date, at least – than the true silver bubble of Sept. 1979 to Jan. 1980.

Friday, April 15, 2011

Harsh Reality, The Green Revolution Accomplishments and Apprehensions / Commodities / Renewable Energy

By: Richard_Mills

The second half of the 20th century saw the biggest increase in the world's population in human history. Our population surged because:

• Medical advances lessened the mortality rate in many countries
• Massive increases in agricultural productivity because of the "Green Revolution"

Friday, April 15, 2011

What Does Silver’s Recent Performance Relative to Crude Oil Mean For Investors? / Commodities / Gold and Silver 2011

By: Przemyslaw_Radomski

Gold market witnessed a bumpy roller coaster ride during the week.  An interesting thing to observe was the reasons that economic commentators gave for price fluctuations. On Tuesday gold for June delivery lost $14.50 to settle at $1,453.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,468.50 and as low as $1,445 while the spot gold price was shedding more than $11.  The reasons for the decline were explained by falling oil prices and by a Goldman Sachs report with a short-term bearish call on oil and copper, the industrial bellwethers. (The term “bellwether” refers to the practice of placing a bell around the neck of a castrated ram leading his flock of sheep so that the movements of the flock could be noted by hearing the bell).

Friday, April 15, 2011

Correction Ended for Crude Oil and USO ETF / Commodities / Crude Oil

By: Mike_Paulenoff

Despite commodity bashing by Goldman Sachs again this morning, oil prices remain relatively buoyant.

Right now my pattern and momentum work in the U.S. Oil Fund ETF (USO) indicate that a significant correction ended at Wednesday's low at 42.10. They also indicate that current strength represents the initiation of a new upleg in an incomplete larger bull move that projects to another new high in the days directly ahead.

Friday, April 15, 2011

U.S. Budget Impasse has Momentous Significance for Holders of Gold and Silver / Commodities / Gold and Silver 2011

By: Jeb_Handwerger

Regardless of whether a compromise is reached over the approaching lockdown of the United States ceiling and the raising of the debt, this impasse has momentous significance for holders of gold (SPDR Gold Shares (GLD)) and silver (iShares Silver Trust (SLV)). The serious weaknesses of our economic structure is exposing it as a paper tiger. Instead of seeking fiscal sanity, the inability of our leaders to agree on even the smallest of issues is reminiscent of the Roman Empire dealing out bread and circus to the masses when Rome could no longer afford the good times and the games.

Friday, April 15, 2011

Is the Gold Price Really Rising? / Commodities / Gold and Silver 2011

By: Julian_DW_Phillips

If we look at the gold price in the euro, we see it holding between €1,010 and 1,020 for the last couple of weeks. In the Swiss Franc it is doing much the same. However, in the dollar it has been rising, hitting new highs at $1,475. Today it jumped to €1,026 and through $1,480. If we follow the suggestion of Robert Zoellik the head of the World Bank, that gold should be a 'value reference' for the gold price, then we cannot look at the gold price in an individual currency, we must look at the currency's value against gold.

Friday, April 15, 2011

Rhodium Deeply Oversold Relative to Gold and Silver Which is in a Bubble / Commodities / Gold and Silver 2011

By: Ned_W_Schmidt

RHODIUM TRADING THOUGHTS is about timely and profitable trading of precious metals. We do not believe every turn in the market can be called. Our goal is that our recommendations should be profitable. Profits are the goals, not trades. Do not expect all recommendations to be profitable. No system can achieve that lofty goal.

Friday, April 15, 2011

Gold Hits New Dollar High, Silver Extends Sterling Records on China Inflation / Commodities / Gold and Silver 2011

By: Adrian_Ash

WHOLESALE-MARKET PRICES to buy silver and gold jumped at the start of Asian trade on Friday, hitting new 31-year and all-time Dollar records respectively, as Beijing reported a surge in China's growth and inflation rates.

Hitting a 3-year high of 5.4% – and with current bank-deposit rates raised last week to just 3.25% – "China's outlook for inflation might raise the threat of more aggressive monetary conservatism by Chinese authorities," says Standard Bank, especially given that GDP figures were also unexpectedly strong" at 9.7% year-on-year.

Friday, April 15, 2011

Gold and Silver Reach New Record Highs / Commodities / Gold and Silver 2011

By: GoldCore

Gold and silver have reached new all-time and 31-year record highs in trading in London this morning. Silver is particularly strong and the euro particularly weak on sovereign debt contagion concerns.

Inflation and sovereign debt fears are leading to continued safe haven demand. It is as important as ever to note that the record highs are nominal highs and inflation adjusted gold and silver remain a long way from their respective highs of $2,400/oz and $140/oz in 1980. These inflation adjusted highs remain viable long term price targets.

Friday, April 15, 2011

Gold, Silver and Stocks in a Financial Panic / Commodities / Gold & Silver Stocks

By: Jesse

Gold is resilient, bouncing off its tentative right shoulder support. Silver is just awesome, taking no prisoners.

The commodity commentary on the Bloomberg network was particularly ridiculous today. They drew a parallel between the commodity rise into 2008 and the subsequent sharp decline with the rise into 2011, suggesting that there will be a similar decline, without ever mentioning the cause, using ominous sounding words and innuendo.

Friday, April 15, 2011

Gold Guru on What the Mainstream Financial Press Talking Heads Don't Understand / Commodities / Gold and Silver 2011

By: DailyWealth

Dr. Steve Sjuggerud writes: The price of gold has soared by nearly $1,200 in the last 10 years.

Today, it's around $1,450 an ounce. A decade ago, it was $260. That's a more-than-fivefold rise in the price of gold in a decade – which dwarfs the gains of the housing bubble of 2006.

Thursday, April 14, 2011

Will Gold and Silver Survive the Double Dip? / Commodities / Gold and Silver 2011

By: John_Browne

It is rare in recent history for precious metals to appreciate in parallel with the broader stock market. Yet, this has been the case in the two years since the stock market began crawling out of the wreckage of the 2008 financial crisis. Although metals have vastly outperformed US equities over that time frame, it is noteworthy that stocks have gone up at all. Since January 2, 2009, the S&P 500 stock index is up just about 50%. Over the same time, gold is up 68% and silver is up a staggering 267%. With rising interest rates, oil at over $100 a barrel, and the recovery running out of steam, many investors are wisely asking if the markets are set for a sharp pullback. Given the correlation that we have seen across asset classes, some are making the seemingly logical conclusion that metal prices are vulnerable.

Thursday, April 14, 2011

Crude Oil Near 3 Year High As Unrest Persists in the Middle East / Commodities / Crude Oil

By: Marin_Katusa

By Marin Katusa, Casey Research : With the civil war in Libya now entering its third week, Egypt moving haltingly towards free elections, and hundreds dead in Syria, Yemen and Bahrain after a month of anti-government protests in each country, the Middle East is rife with instability. On Wednesday, April 6, that instability pushed the spot price of Brent oil above US$123 per barrel, a high not seen since August 2008 when prices were crashing from an all-time peak of US$147.50 on the eve of the financial crisis.

Thursday, April 14, 2011

Natural Gas Pierces Resistance / Commodities / Natural Gas

By: Mike_Paulenoff

After whipsawing to the downside to 4.06 immediately after this morning's inventory data, natural gas futures have reversed sharply to the upside and pierced key resistance around 4.20/21.

Natural gas made a significant multi-year low on March 7 at 3.805. The first minor upmove in a new upleg ended on March 27 at 4.548, after which a correction ensued that ended Monday morning at 3.99.

Thursday, April 14, 2011

State of Utah Recognizes Gold Coins As Money / Commodities / Gold and Silver 2011

By: MISES

The state of Utah has recently enacted a law by which the gold coins issued by the US Mint are to be considered money and, therefore, not subject to capital-gains taxation. The law does not apply to foreign-issued coins, such as South African Krugerrands, by far the most popular precious-metal coin in the world. Nor does the law apply to privately issued coins, such as the so-called Ron Paul Dollar. Capital gains on the US-issued coins would still be subject to federal taxation.